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The Cost of Ending Business

 

On the single, Stevie suddenly shouts to The Jackson Five and they do the "Doo-do-wop" part.

Judging from the noise, Stevie could be many FIU followers proxy when discussing the athletic director and the football coach. Who, I've heard, have had a few go-rounds recently over some of FIU's department shortcomings that a few extra bucks could've avoided.

Speaking of bucks, the football coach isn't likely to be going anywhere soon unless his financial house is in unusually good order or FIU wants to swallow a big matzoh moneyball. That's if I'm reading Ron Turner's contract correctly (I'm not bothering the nearest Harvard Law 31-year attorney with this. She's got her own job).

If Turner resigns any time soon, he'll owe FIU $500,000, a year's base salary. If FIU fires Turner without cause any time before January 3, 2016 -- and I don't see anywhere in the contract that a really bad first-year record counts as being cause -- the school will owe Turner two years base salary or $1 million. Plus, FIU will have to pay another football coach.

That's a lot of jack to tie up in that position for a department whose revenue is $25.4 million, most of it coming from student fees, and has trouble drawing any kind of actual attendance to football games (I have put in a public records request for the actual ticket sales figures from the 2012 football season, last year's basketball season and thus far in 2013 football).

Especially when, by my math, the school still owes former football coach Mario Cristobal $431,386. That might be off the books, however, if the severance contract clause didn't follow Cristobal beyond his next coaching stop. That was the University of Miami for a winter minute before Cristobal landed at Alabama.

To fire Garcia costs one year base salary, $362,527 at this point. Also, FIU has to pay his replacement.

I heard that FIU President Mark Rosenberg sang praises of Garcia to a group of boosters on the Louisville trip. I've also heard there might be a Board of Trustees meeting with Rosenberg Monday over all this business, although none is posted and I'm not sure this qualifies as enough of an emergency situation to act under those rules (although I'm also sure any Board and President worth their website photos know how to skirt Sunshine Laws). If there is a meeting, I'm sure the cost of doing business -- or ending it -- will be discussed. 

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